There Are 24 Cities Next Year Wherein Short-term Vacations Will Become More Difficult
Short-term rental platforms and Airbnb have become a one-way call for investors during the pandemic as rising interest rates made it non-affordable for regular house buyers to slip into the market.
Investors seek to majorize their returns by renting homes to raise the numbers of vacationers, travel nurses, and remote workers. However, as the year moves to 2023, there is more competition now for short-term rentals, making it more challenging for investors searching to capitalize on the travel boom made by the COVID-19 Pandemic.
Airbnb’s and other short-term rental platforms became a go-to for investors during the pandemic as high home prices and rising interest rates made it unaffordable for regular homebuyers to enter the market. (Photo: Business Insider)
The 24 cities where it will become harder to own or manage a short-term vacation rental in 2023
According to a published post by Business Insider, These are the list of Cities in Canada and the U.S. where residents and local politicians are battling back against short-term rentals.
1. Alamosa, Colorado
2. Aspen, Colorado
3. Atlanta Georgia
4. Burlington, Vermont
5. Chattanooga, Tennessee
6. Coeur d’Alene Idaho
7. Dallas, Texas
8. Dauphin Island, Alabama
9. Dillion, Colorado
10. Frisco, Colorado
11. Marco Island, Florida
12. Montreal
13. New York City, New York
14. Oahu, Hawaii
15. Palm Springs, California
16. Palo Alto, California
17. Park Township, Michigan
18. Portland, Maine
19. Red Hook, New York
20. Santa Rosa, California
21. Sarasota, Florida
22. Steamboat Springs, Colorado
23. Tybee Island, Georgia
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